Brokerages expect Knowles Corp (NYSE:KN) to report $0.40 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Knowles’ earnings. Knowles posted earnings of $0.37 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The firm is scheduled to report its next earnings report on Thursday, February 6th.
On average, analysts expect that Knowles will report full-year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.13. For the next year, analysts anticipate that the company will report earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Knowles.
Knowles (NYSE:KN) last announced its earnings results on Thursday, October 24th. The communications equipment provider reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The company had revenue of $235.90 million for the quarter, compared to analyst estimates of $235.92 million. Knowles had a return on equity of 6.59% and a net margin of 12.81%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS.
A number of analysts recently commented on the stock. Robert W. Baird set a $22.00 target price on shares of Knowles and gave the stock a “buy” rating in a research note on Thursday, September 12th. Piper Jaffray Companies set a $22.00 price target on shares of Knowles and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Knowles from $17.50 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, September 18th. ValuEngine downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Craig Hallum set a $23.00 price objective on shares of Knowles and gave the company a “buy” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.00.
In other Knowles news, insider Christian Scherp sold 25,000 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $20.93, for a total transaction of $523,250.00. Following the sale, the insider now directly owns 38,210 shares of the company’s stock, valued at approximately $799,735.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Niew sold 20,329 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $22.75, for a total value of $462,484.75. Following the sale, the chief executive officer now directly owns 288,510 shares in the company, valued at $6,563,602.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,924 shares of company stock worth $1,636,121. 3.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of Knowles by 7.3% during the 2nd quarter. Northern Trust Corp now owns 2,201,540 shares of the communications equipment provider’s stock valued at $40,310,000 after purchasing an additional 150,415 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Knowles by 1.1% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,497,769 shares of the communications equipment provider’s stock valued at $27,424,000 after buying an additional 15,652 shares in the last quarter. Granite Investment Partners LLC raised its position in shares of Knowles by 6.9% in the second quarter. Granite Investment Partners LLC now owns 1,426,468 shares of the communications equipment provider’s stock worth $26,119,000 after acquiring an additional 91,519 shares during the period. Bank of New York Mellon Corp raised its position in shares of Knowles by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 1,244,022 shares of the communications equipment provider’s stock worth $22,780,000 after acquiring an additional 33,489 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Knowles during the 2nd quarter worth about $19,276,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
Shares of Knowles stock opened at $21.81 on Friday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 27.26, a PEG ratio of 2.63 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 2.83 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $21.77 and a 200 day moving average price of $19.62. Knowles has a 52 week low of $12.20 and a 52 week high of $22.79.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
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